Renewed & Expanded Contract

RNS Number : 7955M

Revolymer PLC

25 January 2016

 

25 January 2016

Revolymer plc ("Revolymer" or "the Company")

Revolymer renews and expands contracts to supply nicotine gum in Canada

Revolymer is pleased to announce that it has renewed and expanded the contract to supply its nicotine gum to a Canadian retailer which was first announced in July 2013. During the two and a half years since the initial contract was signed, the Company has seen continuous growth in its revenue stream from this business.

In addition, Revolymer has signed a separate contract with a distributor supplying nicotine gum into Canadian convenience outlets.

"We are delighted to have successfully retained the Canadian business which has been a driver of revenue growth over the last two and a half years. We also have the potential for further revenue growth in 2016 within the renewed contract and through a new channel to the convenience market," said Dr Kevin Matthews, Chief Executive Officer of Revolymer.

Ends

For further information please contact:

Revolymer plc                                                                   [phone]

Kevin Matthews / Rob Cridland

Panmure Gordon (UK) Limited                                  [phone]

Adam James (Corporate Finance)

Charles Leigh-Pemberton (Corporate Broking)

About Revolymer

Revolymer is an AIM quoted company (registered number 08024489) whose vision is to be a specialty chemicals business focussed on controlled release, responsive systems and delivery systems that improve the functional performance of its customers' products, based on its expertise in the design and synthesis of polymers (often in combination with other materials) to manage the interface between different surfaces and phases.

www.revolymer.com

 

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